According to statistics, the population in Mayfield, KY amounts to 9,936, which shows decline -1% compared to the previous year. The median age of the city’s residents is 38. The average household income is $25,910, shifting decline -1% from the past year, and the average property value in Mayfield, KY growth 5% to $89,300 throughout the year.
|Number Of Employees||3,325|
|Median Property Value||$89,300|
The average household income in Mayfield, KY declined from $26,069 to $25,910 in the past year. This data is an estimate based upon 3,973 households in Mayfield, KY . The chart below presents how household income is distributed in Mayfield, KY in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Mayfield, KY shifted from $85,000 to $89,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Mayfield, KY in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Mayfield, KY properties falls in the '$80,000 to $89,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Mayfield, KY compared to median property taxes around the country. The prevalent amount of property taxes in Mayfield, KY equals $800, which is less than the national average.
|Apartment Size||Aug||vs Last Month|
|1 bed for sale||$87,900||N/A|
|2 bed for sale||$153,992||+92.7%|
|3 bed for sale||$198,502||+34.9%|
|4+ bed for sale||$244,531||-13%|
During Aug 2022, the average price for an apartment in/near Mayfield, KY increased by 2.5% to $203,496.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $87,900 with no changes this month. Asking price for 2-bed apartment also increased by 92.7% and a place of this size will now cost you $153,992. A 3-bed apartment goes for $198,502, it increased by 34.9% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 13% and made it down to $244,531.
|Listing Type||Aug||vs Last Month|
|Houses for sale||$213,760||+6.1%|
|Land for sale||$80,333||-47.1%|
Price reports demonstrate that house price increased by 6.1% this month making it up to $213,760.